·3 min read
Renault at €27 — A €9.5 Billion Write-Down and a New Plan to Prove
Ruslan Averin's read — Renault is down ~30% to €27 after a €9.5B Nissan-stake write-down and a strategy reset that killed the Ampere EV IPO. The 7.9% yield tempts, but this is a 'show me' story.